Firefighters Credit Union
- Assets
- $103.7m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 34
- Location
- Onalaska, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-6050488
Organization Overview
Firefighters Credit Union is located in Onalaska, WI. As of 12/2021, Firefighters Credit Union employed 34 individuals. Firefighters Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Firefighters Credit Union generated $5.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FIREFIGHTERS CREDIT UNION IS A COOPERATIVE, NONPROFIT CORPORATION, INCORPORATED UNDER WISCONSIN STATE LAW TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPETITIVE DIVIDEND RATES ARE GIVEN ON SHARE, SHARE DRAFT AND CERTIFICATE ACCOUNTS. (11,162 ACCOUNTS)
PROVIDED LOW-COST FINANCIAL SERVICES TO 5,138 MEMBERS.
GRANTED 1,432 NEW LOANS TO MEMBERS TOTALING $118,260,677.
INVESTED EXCESS DEPOSITS ONLY IN INVESTMENTS WHICH ARE LEGAL FOR CREDIT UNIONS UNDER WISCONSIN STATE LAW.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Arenz Mortgage Loan Officer | 40 | $367,695 | |
Bruce E Zmolek President | Officer | 40 | $176,207 |
Matt Faron Mortgage Loan Officer | 40 | $112,428 | |
Amy S Fruit Chief Financial Officer | Officer | 40 | $95,565 |
Connie Garbers Director Of Compliance & Operations | Officer | 40 | $89,018 |
Doyle Pleggenkuhle Treasurer | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,090,979 |
| Investment income | $86,448 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,177,427 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $840,913 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,017,697 |
| Pension plan accruals and contributions | $67,721 |
| Other employee benefits | $141,262 |
| Payroll taxes | $129,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,255 |
| Fees for services: Accounting | $37,942 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $225,915 |
| Office expenses | $158,316 |
| Information technology | $117,823 |
| Royalties | $0 |
| Occupancy | $171,645 |
| Travel | $14,258 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,804 |
| Interest | $0 |
| Payments to affiliates | $31,197 |
| Depreciation, depletion, and amortization | $168,546 |
| Insurance | $0 |
| All other expenses | $153,479 |
| Total functional expenses | $3,870,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $814,219 |
| Savings and temporary cash investments | $5,692,941 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $83,107,035 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,521 |
| Net Land, buildings, and equipment | $3,014,052 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,712,664 |
| Intangible assets | $0 |
| Other assets | $1,267,722 |
| Total assets | $103,655,154 |
| Accounts payable and accrued expenses | $682,204 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $86,696,297 |
| Total liabilities | $87,378,501 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $16,276,653 |
| Total liabilities and net assets/fund balances | $103,655,154 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Community Support Services Inc Akron, OH | $23,036,222 | $26,517,082 |
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Region 3b Area Agency On Aging Battle Creek, MI | $12,282,051 | $21,229,876 |
Southwest Counseling Solutions Inc Detroit, MI | $10,435,524 | $23,926,279 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |